Market Economics Matching

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Date:

📊 Part 1: Market Economics Terms Matching

Instructions: Draw lines to match each economic term on the left with its correct definition on the right.

● Market Equilibrium

● Government Intervention

● Supply

● Demand

● Price Ceiling

● Price Floor

● Subsidy

● Tax

● Consequences

● The amount of a product or service available to consumers

● A compulsory financial charge imposed by the government on goods or services

● The point where supply equals demand, and the market is balanced

● A government-imposed limit on how low a price can be charged

● The desire and ability of consumers to purchase goods or services

● Financial assistance provided by the government to encourage production or consumption

● Actions taken by the government to influence or regulate markets

● A government-imposed limit on how high a price can be charged

● The outcomes or effects that result from market activities or policies

1. Give an example of government intervention in the New Zealand market:

2. What might be the consequences of setting a price ceiling on rental properties?

3. Explain how supply and demand work together to determine the price of concert tickets: